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German travel retailer eyes Asia

German duty free operator Gebr Heinemann is to expand into new world markets including in Asia.

Gebr Heinemann will open stores at Juanda International Airport in Surabaya, Indonesia and Kuala Lumpur International Airport’s new low-cost carrier terminal.

The openings will form part of its €100 million ($136.3 million) worth of expansion activities for 2014. It aims to increase its concessions from 61 in 27 countries currently to 90 by 2020.

It will also participate in the Sydney airport duty-free tender, where it already runs a gourmet food and wine store and National Geographic shop.

“Today we want to clarify how strong we are in travel-retail as well as our distribution business,” said co-owner Claus Heinemann.

Established in 1879, the family-run company has been operating travel value and duty-free shops at airports since 1969 and supplies good and services to customers in 70 countries including airlines, airports, cruise ships and ferries.

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